Tuesday, December 08, 2009

Inside The Great American Bubble Machine

Published on my most recent birthday, I am re-printing this here so as to be certain to have a link to it as the shit hits the fan in the coming months.

A




Inside The Great American Bubble Machine

Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression

In Rolling Stone Issue 1082-83, Matt Taibbi takes on "the Wall Street Bubble Mafia" — investment bank Goldman Sachs (click here to read the whole story). The piece has generated controversy, with Goldman Sachs firing back that Taibbi's piece is "an hysterical compilation of conspiracy theories" and a spokesman adding, "We reject the assertion that we are inflators of bubbles and profiteers in busts, and we are painfully conscious of the importance in being a force for good." Taibbi shot back: "Goldman has its alumni pushing its views from the pulpit of the U.S. Treasury, the NYSE, the World Bank, and numerous other important posts; it also has former players fronting major TV shows. They have the ear of the president if they want it." Here, now, are excerpts from Matt Taibbi's piece and video of Taibbi exploring the key issues.

3 comments:

Anonymous said...

”a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money“


Kind of looks like Blankfein actually.

Anonymous said...

There is only one reason a corporation would give a severance bonus to executives leaving the company for a position within government, CORRUPTION.

Smiddywesson

Dirk said...

"I am re-printing this here so as to be certain to have a link to it as the shit hits the fan in the coming months.

A"

Hahaha - you're the greatest Allan.
I love this page!